Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026)
Royal Caribbean Cruises (RCL) reported EBT Margin of 31.51% for Q3 2026, up 0.15 percentage points from 31.37% a year earlier and up 7.72 percentage points from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Royal Caribbean Cruises' EBT Margin came in at 24.38%, up 1.69 percentage points year-over-year; for FY2025, it came in at 24.38%, up 6.54 percentage points from FY2024.
- EBT Margin has increased for four consecutive years, with a five-year change of +269.98 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at 17.84% in FY2024 (+5.53 pp), 12.31% in FY2023 (+36.00 pp), -23.69% in FY2022 (+312.15 pp) and -335.84% in FY2021 (-90.24 pp).
- The Q3 2026 figure ranks as the highest quarterly EBT Margin in data going back to Q1 2009.
- Year over year, EBT Margin gained in seven of the last eight quarters, with an average year-over-year change of +4.88 percentage points.
- The high point for year-over-year EBT Margin in five years was Q4 2021 (a gain of 3628.69 percentage points); the low point was Q2 2026 (a drop of 3.35 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.80% (Q2 2026), 21.92% (Q1 2026) and 18.24% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 15.13% |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 31.51% |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 21.71% |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 22.99% |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 27.14% |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | -14.17% |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 4.53% |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 31.43% |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 9.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.51% |
| Jun 30, 2026 | 23.80% |
| Mar 31, 2026 | 21.92% |
| Dec 31, 2025 | 18.24% |
| Sep 30, 2025 | 31.37% |
| Jun 30, 2025 | 27.15% |
| Mar 31, 2025 | 18.78% |
| Dec 31, 2024 | 9.60% |
| Sep 30, 2024 | 21.18% |
| Jun 30, 2024 | 19.59% |
| Mar 31, 2024 | 8.88% |
| Dec 31, 2023 | 6.81% |
| Sep 30, 2023 | 22.40% |
| Jun 30, 2023 | 12.09% |
| Mar 31, 2023 | -2.53% |
| Dec 31, 2022 | -15.51% |
| Sep 30, 2022 | -1.40% |
| Jun 30, 2022 | -23.57% |
| Mar 31, 2022 | -107.02% |
| Dec 31, 2021 | -133.56% |
API Access
Royal Caribbean Cruises EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();